H4ZJ.DE vs. IS3S.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - H4ZJ.DE tracks the MSCI World while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 12.60%/yr for IS3S.DE. Their correlation of 0.87 suggests significant overlap in exposure. H4ZJ.DE charges 0.15%/yr vs 0.30%/yr for IS3S.DE.
Performance
H4ZJ.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZJ.DE achieves a 10.86% return, which is significantly lower than IS3S.DE's 35.27% return. Over the past 10 years, H4ZJ.DE has outperformed IS3S.DE with an annualized return of 14.71%, while IS3S.DE has yielded a comparatively lower 12.60% annualized return.
H4ZJ.DE
- 1D
- -0.34%
- 1M
- 3.69%
- YTD
- 10.86%
- 6M
- 10.96%
- 1Y
- 23.81%
- 3Y*
- 18.46%
- 5Y*
- 13.87%
- 10Y*
- 14.71%
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
H4ZJ.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 7.78% | 34.57% | -2.46% | 9.87% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 22.01% | -10.34% | 7.66% |
Correlation
The correlation between H4ZJ.DE and IS3S.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.87 |
The correlation between H4ZJ.DE and IS3S.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. IS3S.DE — Risk / Return Rank
H4ZJ.DE
IS3S.DE
H4ZJ.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| H4ZJ.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.83 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 10.36 | -6.74 |
| Martin ratioReturn relative to average drawdown | 14.41 | 39.01 | -24.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| H4ZJ.DE | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 4.53 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 1.24 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.79 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.68 | +0.24 |
Drawdowns
H4ZJ.DE vs. IS3S.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, roughly equal to the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and IS3S.DE.
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Drawdown Indicators
| H4ZJ.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -35.18% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -6.09% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -17.80% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -17.80% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -35.18% | +1.58% |
Current DrawdownCurrent decline from peak | -0.34% | -0.83% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -5.82% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.62% | +0.04% |
Volatility
H4ZJ.DE vs. IS3S.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.77%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZJ.DE | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 5.62% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 11.32% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 13.93% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 13.85% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 15.76% | -0.71% |
H4ZJ.DE vs. IS3S.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
H4ZJ.DE vs. IS3S.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, while IS3S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 1.16% | 1.28% | 2.06% | 3.02% | 2.65% | 2.73% | 3.30% | 4.02% | 4.71% | 3.58% | 4.02% | 3.46% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H4ZJ.DE and IS3S.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZJ.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for IS3S.DE.
H4ZJ.DE tracks MSCI World, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZJ.DE and 0.30% for IS3S.DE.
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